The next extension

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If anything, I would say it is the inverse. "Hey, we're going to release Jenkins after this year. We are free to spend accordingly."
Before last month yes.

The Packers will absorb $65Mil in Cap for the Micah trade across the 2025-26 seasons. Now granted, some Cap application was already being calculated into the surplus numbers prior to this mega trade. That number off top of my head was around $64Mil reserve Cap across both 2025-26 balance sheets and it included Clark’s soon to be inflated $$ in 2026. Yet we just added $8-10Mil in 2026 and $32.5Mil (average added) in 2025. In short we are our entire 2025 surplus AND added another $10M+ off our $32Mil. Leaving into a $20Mil-25Mil for 2026 books.

Keep in mind that didn’t include in season injury adds, practice squad and the last several players on the Top of the Roster in 2026. That more than 1/2 of that spent. Meaning we went from $50-55Mil across 2 seasons, to around $15-20m of “realistic” cap to retain players and shop. Now we can use voids and restructured and widdle the $$ up here and there. But trust me there’s only so many $20Mil contracts we can sign. We just extended Watson and might get Quay locked down. We’re spent without restructuring and adjusting signing bonus’ etc.
The rest is pushing into the future by my estimation. We can’t just “freely spend accordingly”

What I’m trying to say is we already did take the approach of “feel free to spend accordingly”. Next will be maybe adding 1 or 2 more mid sized deals and then comes bargain shopping. Luckily many of our other players are still locked up contractually. That’s why imo we’re scrambling to get one last deal done.

The rest will be small incumbent resigns or outside small FA deals. Then we can maybe free up some cap with restructured contracts and push forward cap to go after 1 more player like Walker. But after that she’s on fumes IF we remain disciplined.

You’ll see the restructures coming before the 2026 season. We’re not in a position to go “freely spend”. Spending past Quay will be heavily scrutinized. Every dollar will come from restructured and shuffling Debt forward. Thankfully our entire Rooms at WR/TE contracts combined are like 5-$10Mil less than Amon Ra St Browns $$$ so we’re ok but lopsided
 
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mradtke66

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Before last month yes.

The Packers will absorb $65Mil in Cap for the Micah trade across the 2025-26 seasons.
I'm not following this statement. Parsons has a very low cap number in 25 and 26.

it included Clark’s soon to be inflated $$ in 2026. Yet we just added $8-10Mil in 2026 and $32.5Mil (average added)

I'm still not following this either. When we cut him, we took a $41,737,000 cap hit (dead cap.). I think based on when it happened, it's treated the same as a post-June 1 cut, so half this year, half next year. If it isn't treated as post-June-1, then we took the entire cap hit when we traded him and he's entirely off the books. Where are you getting 32.5M?

(Just looked it up: 2026 dead cap for Kenny is 17M and change.)

Next will be maybe adding 1 or 2 more mid sized deals and then comes bargain shopping.
That's honestly what I expect most years, no change to me.

Luckily many of our other players are still locked up contractually. That’s why imo we’re scrambling to get one last deal done.

I don't see this as scrambling or nothing out of the ordinary. This is trying to identify players the team considers "core" and extending them at a good price early to keep the cost down.

You’ll see the restructures coming before the 2026 season.
But again, this is normal behavior.

Right now, we appear to have 41 players under contact for 2026. Cut Jenkins and we net 20M in cap space. Yes, we will need players to get to 53. Extend some roleplayers to reasonable-ish contracts, add in the 6 draft picks, and a few rookie FAs, and we're back in fine shape.

2027 is a little trickier with only 30 players under contract today, but we have roughly 120M in space. We can make that work as well.

2028 is the first real challenge as that is when Parsons exceeds 10% of the cap.
 
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